Financial reform includes position limits for energy futures

Taking over what the Commodity Futures Trading Commission (CFTC) started, the Senate version of the financial reform bill includes provisions to regulate the size of speculative limits in energy futures.

The CFTC put the question to the public and accepted comments on the issue of position limits in energy futures, but Congress may beat the regulator to the punch -- offering a legislative answer to the question of, How many energy futures contracts should a trader be allowed to hold?

The provision is part of the Senate's version of financial reform legislation that passed last week. It still must be reconciled with the House version before it becomes law.

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